Author Topic: PAKOXY -- Pakistan Oxygen Limited  (Read 37202 times)

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Offline Atif Ali

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« Reply #139 on: January 29, 2017, 10:31:39 PM »
When is the final decision of SC for Nawaz?
Not before mid February.So relax and enjoy the result season.Gora is back with new buying for the last two consecutive days.Brokers are buying.NS may getaway from court.Fingers crossed.

Pakinvestorsguide

PAKOXY -- Pakistan Oxygen Limited
« Reply #139 on: January 29, 2017, 10:31:39 PM »

Offline sabir.hussain

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« Reply #140 on: January 30, 2017, 02:09:57 PM »
bot 1k at floor.....
Don't buy or sell on other's calls, do your own research/due-diligence, before making any investment.

Offline chaudhry chaudhry

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« Reply #141 on: February 01, 2017, 11:08:01 AM »
bot 1k at floor.....
sabir bhai will it come back? my buying is 360.... Hold or should sell ?

Offline sabir.hussain

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« Reply #142 on: February 01, 2017, 11:14:44 AM »
bot 1k at floor.....
sabir bhai will it come back? my buying is 360.... Hold or should sell ?
I think may recover
Don't buy or sell on other's calls, do your own research/due-diligence, before making any investment.

Offline alidxb

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« Reply #143 on: February 01, 2017, 04:26:41 PM »
One more lower lock could make it bearish. 1.027M shares traded since recent LL. Breaking 300 will be a set back. Buying should be avoided till selling pressure wanes.
Both EPCL & LINDE closed today with crazy PE of 73 & 45 respectively compared our industry avg of 29.
In the long run, everything settles at the place it deserves.

Offline fastfriend

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« Reply #144 on: February 17, 2017, 04:51:28 PM »

Offline Rokie

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« Reply #145 on: February 19, 2017, 10:21:33 PM »
is ka impact kis pe hoga LINDE pe ? ya ARIF HABIB pe? or kitna hoga.

Offline Atif Ali

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« Reply #146 on: February 19, 2017, 11:15:25 PM »
is ka impact kis pe hoga LINDE pe ? ya ARIF HABIB pe? or kitna hoga.
Hissa baqadre Hussain.AHL ko to fee charges milain he,a handsome amount.
Rest it's a deal between two parties.Both have their plans.Time will tell.

Offline Atif Ali

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« Reply #147 on: February 19, 2017, 11:21:55 PM »
is ka impact kis pe hoga LINDE pe ? ya ARIF HABIB pe? or kitna hoga.
Hissa baqadre jussa.AHL ko to fee charges milain ge,a handsome amount.
Rest it's a deal between two parties.Both have their plans.Time will tell.

Offline alidxb

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« Reply #148 on: August 01, 2017, 09:55:40 AM »
BOC Group sells its stake of 60% in Linde Pak  @ EUR 2.53 per share.
https://www.psx.com.pk/newsattachment/101196.pdf
In the long run, everything settles at the place it deserves.

Offline MZ

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« Reply #149 on: August 25, 2017, 07:36:06 PM »

Offline Koolfire

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« Reply #150 on: October 26, 2017, 05:11:33 PM »
Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline Rokie

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« Reply #151 on: January 28, 2018, 02:30:57 PM »

Offline Rokie

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« Reply #152 on: January 30, 2018, 11:51:29 PM »
 :bigeyed: :bigeyed: :bigeyed: :bigeyed:

Offline Aahaf

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« Reply #153 on: January 31, 2018, 12:03:04 AM »
 :skeptic: whole sector is underperformed except wah or already over valued

Offline Rokie

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« Reply #154 on: February 01, 2018, 11:16:19 PM »
LINDEEEEEEEEEEEEE

Offline Rokie

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« Reply #155 on: February 09, 2018, 11:26:08 PM »
 :bangin: :bangin: :bangin: :bangin:

Offline Koolfire

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« Reply #156 on: February 27, 2018, 09:04:13 PM »
Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline MZ

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PAKOXY -- Pakistan Oxygen Limited
« Reply #157 on: September 17, 2018, 05:50:23 PM »
PAKISTAN OXYGEN LIMITED (PAKOXY): REPORTS 65% YOY GROWTH IN EPS FOR 2QCY18

Monday, 17 September 2018

BY: ISMAIL IQBAL SECURITIES (PVT.) LIMITED

Pakistan Oxygen Limited (PAKOXY), formerly Linde Pakistan Limited, held its analyst briefing on September 14, 2018 to discuss company’s result for 2QCY18 and expansion plans. The company registered an earnings of PKR 112.04m (EP: PKR 4.47) for 2QCY18, reporting a significant growth of 65% YoY. According to the management, notable increase in bottomline is attributable to 11% YoY increase in topline and reduction in selling, admin cost and other expenses of the company due to better cost management.
Discussing expansion plans that company announced earlier in April 2018, management was of view that Air Separation Unit (ASU), capable of producing upto 250 TPD will double company’s existing capacity by 2QCY20. According to the management, the exchange rate mainly affects its PGP business, impact of which is gradually passed on to final consumers.
During first half of CY18, the company carried out some efficiency based projects, which led to higher margins. According to the management these projects are expected to contribute around PKR 2/share in the company’s EPS for CY18. Further, during first half of CY18, there was less electricity disruption, which helped achieve full capacity utilization while keeping operational costs low as suspension of plant operations increases its operating costs.
According to the management, once operations are suspended, it takes four hours to generate specified temperature to restore production of its first product and eight hours for second product that continues to forty eight hours to resume production of all products. Further, the higher the time plant remains non-operational the higher the time it will take to restore production, hence any smooth continuation of plant operations is very crucial for company to maintain its margins.

Offline MZ

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« Reply #158 on: September 17, 2018, 06:06:31 PM »
Elixir Insight


Pakistan Oxygen Limited
Analyst Briefing Takeaways

·         In its Analysts Briefing, the Management updated on its ongoing expansion plan of PKR4.4bn to double its Air Separation Unit capacity by 250TPD (post expansion capacity: 513TPD) – the plant is expected to come online by 2Q2020.

·         The company also announced to resume manufacturing of electrodes which was earlier suspended in 2006-07 under BOC management due to high cost of production.

·         So far, PAKOXY has already posted a 57% YoY growth in 1H2018 EPS to PKR7.7 due to 14%YoY growth in gross profits and decline in Distribution, Administration and Other Expenses.

·         With its strong geographic footprint, the Management is confident to deliver value to its shareholders by maintaining consistency in quality standards, tapping into newer markets, enhancing logistics services and adhering to its customers’ needs on tailor made basis.

Diversification Play: Pakistan Oxygen Limited (PAKOXY) conducted an Analyst Briefing on September 14, 2018 to discuss its 1H2018 results, performance of each business and to give an update on Air Separation Unit (ASU) expansion.

The company is aggressively increasing its presence in industrial and health sector while growing its Welding and Hardgoods businesses. The Management claims to be expanding geographic foot-print, enhancing logistics network and achieving global partnerships. During 1H2018, the company made two announcements i.e. 1) 250tons per day (TPD) Air Separation Unit (ASU) expansion and 2) plans to resume electrode manufacturing facility due to growing demand.

Financial Recap: During 2Q2018, the company reported revenue of PKR1.21bn (up 11%YoY) on the back of 45%YoY growth in ‘Welding and Other Business’ to PKR266mn. Net earnings for the company grew by 65% to PKR112mn (EPS: PKR4.47) on the back of 47%YoY, 16%YoY and 21%YoY decline in Distribution, Administrative and Other Operating Expenses.

During 1H2018, PAKOXY depicted a growth of 12% in revenue to PKR2.38bn. The company reported net earnings of PKR192mn, up 57%YoY (EPS: PKR7.7) due to 14%YoY growth in gross profits and decline in Distribution (20%YoY), Administration (9%YoY) and Other Expenses (13%YoY).

ASU Plant Expansion: In Apr-18, the company made an announcement to install an Air Separation Unit (ASU) with a capacity of 250TPD (total capacity after expansion: 513TPD). Targeting a CAPEX of PKR4.4bn, the plant is expected to come online by 2Q2020. Currently the project team has met three ASU manufacturers and is in the negotiating phase to finalize the deal.

Resuming Electrodes Manufacturing: PAKOXY currently uses toll-business vendors to procure electrodes which contribute around 70% to total sales from Packaged Gas Product (PGP) division. Recall that the company had earlier been producing electrodes in-house, however they switched to toll-manufacturing under BOC management in 2006-07. The decision was likely driven by increasing per-unit cost of production due to low volumes and strong labor union. Sighting growing demand, the new Management announced to restart its manufacturing facility of electrodes by utilizing its existing plant and machinery.

Business Overview: Pakistan Oxygen currently operates in four businesses; 1) Bulk Gases, 2) Healthcare, 3) Packaged Gas Products (PGP) and 4) Tonnage. It runs three Air Separation Unit (ASU) plants with an installed capacity of about 263TPD of air gases (Pakistan’s largest installed capacity). PAKOXY also boasts two carbon dioxide (CO2), one hydrogen and one on-site nitrogen plant with installed capacities of 83TPD, 426M3/hour and 36TPD.

Bulk Business: The business is the largest contributor to the topline (41%) and supplies gases through large road tankers delivered in storage tanks to customer sites. Some of the product offerings include liquid oxygen, liquid nitrogen and liquid carbon dioxide. The company aims to further enhance its fleet facilities to ensure smooth deliveries.

Healthcare: The business contributes 25% to the topline and involves delivering medical grade gases along with associated services like designing and installation of gas pipeline to hospitals. The company has now extended its support to laboratories, medical research and other clinical healthcare institutions.

Packaged Gas Products (PGP): The business contributes 24% to the topline and deals with compressed gases of industrial and specialty grade along with gas/arc equipment’s and hardgoods for welding cutting.

Tonnage: The business contributes 10% to the topline and involves gases supplied to customer sites by turnkey plants designed for specific customers. It also offers commissioning and operating turnkey plant services. Some of the key customers for the business are from oil & gas and chemical sectors.


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